What factors influence mortgage interest rates?

[Joffery]

Mortgage interest rates are influenced by factors such as the borrower's credit score (higher scores get better rates), loan type (fixed or adjustable), loan term (shorter terms often have lower rates), economic conditions (inflation and the Federal Reserve's policies), and the down payment size (larger down payments typically result in lower rates). For instance, a high credit score and large down payment can secure a lower rate.